Landmark Cars - Premium Focus To Help Grow Ahead Of Industry: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We recently met the senior management of India’s largest automobile retailer Landmark Cars Ltd.'s to gauge its potential in high growth premium auto segment.Over last 25 years Landmark Cars has established itself in the premium segment with presence in nine states and is a prominent partner to original equipment manufacturer like Mercedes Benz, Volkswagen, BYD, Jeep, Renault, Honda, MG Motors, and Ashok Leyland.The company has an asset light model and owns only two of the 117 outlets (~25% of all its outlets are acquired). Landmark Cars plans to continue expanding its dealership count via-acquisition,expansion in newer geographies andpartnership with new OEMs however, wants to maintain its focus on premium segment. We believe high growth in luxury segment along with sustained focus on adding new dealerships should aid higher sales growth versus the industry.Further, management’s target to grow its pre owned cars segment with focus on existing brands should aid in leveraging existing network. Also after-sales revenue should continue to act like an annuity business and provide consistent cashflows.The stock is currently trading at price earning of ~46 times on trailing twelve months earning per share of Rs 18.8..Click on the attachment to read the full report:.HDFC Bank Extends Losses, Wipes Off Over Rs 38,000 Crore In Market Value.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Landmark Cars - Premium Focus To Help Grow Ahead Of Industry: Prabhudas Lilladher

Focus to increase contribution from non-cyclical segments

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP